SK Telecom : Shareholder Return Policy of SK Telecom Co., Ltd. (the "Company") (Fair Disclosure) - Form 6-K
April 25, 2024 at 06:18 am EDT
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Form 6-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF APRIL 2024
Commission File Number: 333-04906
SK Telecom Co., Ltd.
(Translation of registrant's name into English)
65, Euljiro, Jung-gu
Seoul 04539, Korea
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Shareholder Return Policy of SK Telecom Co., Ltd. (the "Company") (Fair Disclosure)
1. Information
Title
Shareholder Return Policy
Details
Shareholder Return Policy for FY2024 - FY2026
• Total amount of shareholder return for each year is expected to be at least 50% of the adjusted profit for the year on a consolidated basis.
• The method of shareholder return is expected to be in the form of cash dividend distribution and/or through acquisition and cancellation of the Company's treasury shares.
Expected Time of Disclosure
-
2. Provision of Information
Provider
SK Telecom Co., Ltd.
Target Audience
Domestic and overseas investors, analysts, press, etc.
Expected Time and Date of Provision
April 25, 2024
Name of Event (Location)
-
3. Point of Contact (Department/Telephone Number)
SK Telecom IR (+82-2-6100-2114)
4. Other Matters Relating to Investment Decision
- Specifics of the execution plan of the above shareholder return policy (including cash dividend distribution and acquisition and cancellation of treasury shares) in each instance is subject to change based on the business environment and market conditions, and will be finally determined by approvals by the board of directors and the general meeting of shareholders.
- The adjusted profit for the year on a consolidated basis will be based on the profit for the year attributable to owners of the parent company and exclude one-off,non-recurring profit and loss.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
SK TELECOM CO., LTD.
(Registrant)
By: /s/ Hee Jun Chung
(Signature)
Name:
Hee Jun Chung
Title:
Vice President
Date: April 25, 2024
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SK Telecom Co Ltd is a Korea-based company primarily engaged in the provision of wireless communication services. The Company operates the business through five segments. The Wireless Communication Business segment provides mobile phones, wireless data, information communication business. The Wireline Communication Business segment offers telephones, high speed Internet, data and network rental services. The Security segment provides services such as personnel and machine security, and information protection. The Commerce segment is engaged in e-commerce business. The Other segment is involved in the businesses such as information communication, electronic banking, advertising, Internet portal services.